Economics

This channel highlights factors that impact hospital and healthcare economics and revenue. This includes news on healthcare policies, reimbursement, marketing, business plans, mergers and acquisitions, supply chain, salaries, staffing, and the implementation of a cost-effective environment for patients and providers.

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Boston Scientific provides funding for MValve Technologies

Boston Scientific announced on Oct. 8 that it had provided additional financing for MValve Technologies, a company that is developing a percutaneous mitral valve replacement system. Boston Scientific said it has an exclusive option to acquire MValve Technologies, a privately held corporation founded in 2011 with operations in San Diego and Herezeliya, Israel.

St. Jude Medical completes Thoratec acquisition to expand its heart failure portfolio

St. Jude Medical completed its acquisition of Thoratec on Oct. 8, expanding its heart failure business and adding products such as the HeartMate II left ventricular assist device.

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Express Scripts plans to cover PCSK9 inhibitors on its national formulary

Express Scripts announced it would include the two recently FDA-approved proprotein convertase subtilisin kexin type 9 (PCSK9) inhibitors on its national preferred formulary, which covers approximately 25 million people in the U.S.

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Panel set to discuss cost-effectiveness of two heart failure treatments

On Oct. 29 in Oakland, members of the California Technology Assessment Forum (CTAF) are expected to discuss and debate a report on the cost effectiveness of two recently FDA-approved heart failure treatments.

Jury convicts Ohio cardiologist of overbilling Medicare by $7.2 million

A jury in Ohio convicted cardiologist Harold Persaud of performing unnecessary tests and procedures and overbilling Medicare and private insurers by $7.2 million.

Report: Hospitals and health systems may settle in ICD overuse cases

Hundreds of hospitals and health systems may have settled with the U.S. Justice Department in a probe into the overuse of implantable cardioverter defibrillators (ICDs), according to a Modern Healthcare report.

Medtronic Acquires Lazarus Effect

Medtronic plc  (NYSE:MDT) today announced it has acquired Lazarus Effect, a Campbell, Calif.-based and privately-held medical device company focused on acute ischemic stroke products that facilitate the capture and removal of clots.

Zoll acquires Kyma Medical Technologies, expands into heart failure

Zoll acquired Kyma Medical Technologies, a Tel Aviv, Israel-based developer of technologies to measure early signs of congestive heart failure. Terms of the deal were not announced.

Around the web

Several key trends were evident at the Radiological Society of North America 2024 meeting, including new CT and MR technology and evolving adoption of artificial intelligence.

Ron Blankstein, MD, professor of radiology, Harvard Medical School, explains the use of artificial intelligence to detect heart disease in non-cardiac CT exams.